Wolfspeed, Inc. financial data

Symbol
WOLF on NYSE
Industry
Semiconductors & Related Devices
Location
4600 Silicon Dr, Durham, North Carolina
State of incorporation
North Carolina
Fiscal year end
June 30
Former names
CREE, INC. (to 10/1/2021), CREE INC (to 8/5/2019), CREE RESEARCH INC /NC/ (to 5/11/1999)
Latest financial report
Q1 2024 - May 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 521 % +1.28%
Quick Ratio 51.1 % -8.45%
Return On Equity -14.3 % -44.7%
Return On Assets -11.1 % -180%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 126 M shares +1.11%
Common Stock, Shares, Outstanding 126 M shares +1.12%
Entity Public Float 8.97 B USD -34.2%
Common Stock, Value, Issued 200 K USD 0%
Weighted Average Number of Shares Outstanding, Basic 126 M shares +1.12%
Weighted Average Number of Shares Outstanding, Diluted 126 M shares +1.12%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 973 M USD +24%
Research and Development Expense 245 M USD +44%
Operating Income (Loss) -458 M USD -62.9%
Nonoperating Income (Expense) -100 M USD -297%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -329 M USD -14.8%
Income Tax Expense (Benefit) 1.5 M USD +87.5%
Net Income (Loss) Attributable to Parent -803 M USD -336%
Earnings Per Share, Basic -6.4 USD/shares -341%
Earnings Per Share, Diluted -6.4 USD/shares -341%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.14 B USD +43.7%
Cash, Cash Equivalents, and Short-term Investments 2.55 B USD +13.5%
Accounts Receivable, after Allowance for Credit Loss, Current 124 M USD -24.2%
Inventory, Net 421 M USD +45.8%
Other Assets, Current 163 M USD +45.3%
Assets, Current 3.33 B USD +16.9%
Other Long-term Investments 68.1 M USD
Deferred Income Tax Assets, Net 1.2 M USD +20%
Operating Lease, Right-of-Use Asset 94.3 M USD +34.7%
Intangible Assets, Net (Excluding Goodwill) 23.7 M USD -79.9%
Goodwill 359 M USD 0%
Other Assets, Noncurrent 688 M USD +211%
Assets 7.7 B USD +41.1%
Accrued Liabilities, Current 97.3 M USD +162%
Contract with Customer, Liability, Current 55.8 M USD +34.5%
Liabilities, Current 727 M USD +19.7%
Deferred Income Tax Liabilities, Net 10.8 M USD +192%
Operating Lease, Liability, Noncurrent 110 M USD +50.2%
Other Liabilities, Noncurrent 262 M USD +151%
Accumulated Other Comprehensive Income (Loss), Net of Tax -12.7 M USD +45%
Retained Earnings (Accumulated Deficit) -2.75 B USD -41.1%
Stockholders' Equity Attributable to Parent 1.02 B USD -40.1%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1.62 B USD -33.5%
Liabilities and Equity 7.7 B USD +41.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -147 M USD -1061%
Net Cash Provided by (Used in) Financing Activities 938 M USD
Net Cash Provided by (Used in) Investing Activities -786 M USD -864%
Common Stock, Shares Authorized 400 M shares +100%
Common Stock, Shares, Issued 126 M shares +1.12%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 5 M USD -93.1%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.14 B USD +43.7%
Deferred Tax Assets, Valuation Allowance 544 M USD +60.3%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 707 M USD +43.1%
Operating Lease, Liability 116 M USD +47.8%
Depreciation 148 M USD +47.5%
Payments to Acquire Property, Plant, and Equipment 442 M USD +310%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -792 M USD -318%
Lessee, Operating Lease, Liability, to be Paid 158 M USD +27%
Operating Lease, Liability, Current 6.7 M USD +17.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 13.2 M USD +18.9%
Lessee, Operating Lease, Liability, to be Paid, Year One 13.6 M USD +32%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Deferred Income Tax Expense (Benefit) 500 K USD -16.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 37.6 M USD +17.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 12.1 M USD +12%
Deferred Tax Assets, Operating Loss Carryforwards 366 M USD +14.1%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 700 K USD 0%
Current Income Tax Expense (Benefit) 900 K USD -89.3%
Preferred Stock, Shares Authorized 3 M shares 0%
Unrecognized Tax Benefits 9 M USD +28.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 11.6 M USD +22.1%
Operating Lease, Payments 2.4 M USD +140%
Additional Paid in Capital 3.79 B USD +2.93%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 100 K USD 0%
Current Federal Tax Expense (Benefit) 300 K USD 0%
Depreciation, Depletion and Amortization 40.1 M USD +19.7%
Deferred Tax Assets, Net of Valuation Allowance 163 M USD +5.42%
Share-based Payment Arrangement, Expense 89.5 M USD +24.3%
Deferred State and Local Income Tax Expense (Benefit) 0 USD
Interest Expense 201 M USD +480%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%